WASHINGTON (dpa-AFX) - Alliance Data Systems Corp. (ADS) Thursday said it proposes to offer a $500 million aggregate principal amount of senior notes due 2022 to qualified institutional buyers.
The company expects to use the net proceeds of the offering to repay a portion of the outstanding indebtedness under its revolving credit facility.
The notes will be general unsecured senior obligations of Alliance Data. They will be guaranteed on a senior unsecured basis by certain subsidiaries of Alliance Data and will pay interest semi-annually.
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